By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – GS Finance Corp. priced $9.11 million of 0% notes due Oct. 2, 2023 linked to a basket of ETFs, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the iShares ESG Aware MSCI US ETF with a 50% weight, the Invesco Solar ETF with a 25% weight and the iShares Global Clean Energy ETF with a 25% weight.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus the basket return, capped at $1,265 per $1,000 of notes.
If the final basket level declines, but not more than 20%, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the basket.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Basket-linked notes
|
| Underlying ETFs: | iShares ESG Aware MSCI US ETF with a 50% weight, Invesco Solar ETF with a 25% weight and iShares Global Clean Energy ETF with a 25% weight
|
| Amount: | $9,105,000
|
| Maturity: | Oct. 2, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus the basket return, capped at $1,265 per $1,000 of notes; par if basket declines but not more than negative 20%; otherwise, full exposure to decline of basket
|
| Initial levels: | $82.06 for Invesco Solar, $22.43 for Global Clean Energy and $101.65 for ESG Aware
|
| Pricing date: | Sept. 29
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| Settlement date: | Sept. 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057JHW9
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